Inverse VIX Short-Term Futures ETNs due March 22, 2045 (VYLD)

Inverse VIX Short-Term Futures ETNs due March 22, 2045 (VYLD) is an exchange-traded fund in the Trading Miscellaneous category. It has $4.27M in assets, an expense ratio of 0.85% and a 0.00% dividend yield. The index tracks the daily “points-change” return from a rolling synthetic short position in the underlying futures contracts trading on the Cboe Futures Exchange. The notes are designed for investors who seek a positive return when the level of the index appreciates during their holding period.